Breaking Crypto News – Cryptocurrencies Facing Binance Delisting: Shiba Inu, Chainlink, Memecoin, and Others
Breaking Crypto News – On Wednesday, Binance, the biggest cryptocurrency exchange globally, announced that it would stop listing some cryptocurrency pairs for spot trading. The cryptocurrencies affected by Binance’s announcement are Shiba Inu (SHIB), Chainlink (LINK), Blur, Memecoin (MEME), Metis, NFPrompt (NFP), and Osmosis (OSMO). On June 28 at 03:00 UTC, the exchange will delete these spot trading pairs and stop accepting orders.
Chainlink Price Already Starting to Fall
As Binance cuts support for TUSD stablecoin owing to various concerns, the cryptocurrency exchange is delisting TUSD pairs for the two most popular coins, Shiba Inu (SHIB) and Chainlink. This is causing a slow decline in trading volumes for both SHIB/TUSD and LINK/TUSD. There will still be other high-volume trading pairs featuring FDUSD, TRY, and USDT. On June 28, Binance will also delist and stop trading the following pairs:
- BLUR/FDUSD
- MEME/ETH
- METIS/FDUSD
- NFP/BNB
- OSMO/BTC
In the past, delisting announcements have affected cryptocurrency price movements. Binance currently holds a 48% market share in the worldwide cryptocurrency market. This leads investors to think that the delisting news will negatively affect the prices of cryptocurrencies. Given that Friday also brings the monthly options expiry and the PCE inflation data, traders will probably continue to exercise caution. For example, the price of LINK pared gains and fell 1.65%. With a 24-hour high of $14.09, it is currently trading close to $13.84. In addition, over the past day, the trading volume has decreased by 1.51%.
FAQ
Why Does Binance Delist Cryptocurrencies?
Binance regularly evaluates each listed spot trading pair in order to safeguard users and uphold a high standard of trading. The exchange delists several spot trading pairs due to several issues, such as low trading volume and liquidity.
What Will Chainlink be Worth in 2025?
According to the Coinpedia platform, Chainlink’s price might range from $213.1 to $253.51 by 2030. Changelly analysts have projected that by the end of 2025, it could reach a minimum of $30.69 and a maximum of $38.26.
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